[FURL=https://www.industryarc.com/Report/19828/Oat-drinks-market.html?utm_source=briefingwire&utm_medium=pressrelease&utm_campaign=paidpressrelease]Oat Drinks Market[/FURL] size is estimated at $441.1 million in 2020, projected to grow at a CAGR of 7.9% during the forecast period 2021-2026. Oat drinks is a lactose-free, plant-based beverage that is commonly used as a dairy milk substitute in tea, smoothies, coffee, and other health drinks due to its high iron, potassium, calcium, and vitamin D content. Further, oat milk comes and is used in different forms like plant milk, Protein Shakes and dairy alternatives. Calcium intake in sufficient amounts lowers the risk of osteoporosis and aids muscular and nerve function, as well as cardiovascular health. Lactose intolerance is on the rise, which is driving up oat drinks market demand. Furthermore, sales are fast increasing as a result of the Covid-19 epidemic.Key Takeaways
The rise in popularity of veganism around the world, owing to a shift in consumer preferences toward healthier, more natural foods like plant milk, protein shakes and others, continue to fuel the Oat Drinks industry's expansion.
Geographically, North America Oat Drinks Market held the largest revenue share of 41% in 2020 to higher consumption and production of Oat Drinks and its products in the region. The scope of the Oat Drinks Market for various regions will be provided in the final report.
The Oat Drinks Industry is expanding owing to upsurge in health consciousness amongst consumers and rising awareness about healthy beverages.
The market's growth will also be fuelled by ongoing research and advancements in end use is pushing the Oat Drinks industry forward during the forecast period 2021-2026.
The availability of less raw materials and a limited number of producers of oat drinks, however, are key factors which are projected to hamper the growth of the oat drinks Industry expansion.
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Oat Drinks Market Segment Analysis – By Geography:
Based on Geography, North America Oat Drinks Market accounted for the 41% revenue share in 2020 owing to their hectic work schedules, millennials, a big demand group in the region for plant milk, Protein Shakes, dairy alternatives and others. This can be attributed to the fact that the slow increase in demand for milk products represents a change in customer preferences. The dairy industry in North America, for instance, has seen slow development over the past few years. Fluid milk use has decreased gradually in the U.S., according to the Canadian Dairy Information Centre.
Oat Drinks Market Drivers
Growing Global Product Demand Among Patients
Oat Drinks Market Landscape:
Oat Drinks Market top 10 companies are Oatly AB, Alpro, Rude Health, LIMA, Hain Daniels (Brand Dream), Innocent Drinks, Pureharvest, Drinks Brokers Ltd, Amandin Organic Products and Valsoia S.p.A.
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